The National Bank for Financing Infrastructure and Development (NaBFID) will finance projects that are part of the country’s Rs 6 trillon National Monetisation Pipeline.
The asset monetisation will free up resources that will come back to industry. There is large aggregate demand for resources, K V Kamath, chairman NABFID said addressing convention of Indian Construction Equipment Manufacturer’s Association in Mumbai.
The aggregate asset pipeline under NMP over the four-year period, FY 2022-2025, is indicatively valued at Rs six trillion. The top five sectors (by estimated value) capture about 83 per cent of the aggregate pipeline value. These five sectors include: Roads (27%) followed by Railways (25%), Power (15%), oil & gas pipelines (8%) and Telecom (6%).
